Saw this story referenced at FOHGuild.org this morning:

As reported at Destructoid:

The email from Mythic VP Rob Denton was sent to all employees of Mythic and details some of the plans to reduce costs by cutting jobs as well as some actions already taken. Headcount will be managed through “attrition, performance management, stricter hiring guidelines and layoffs”. Over the next two months, the Ultima Online team will be moving from EA Redwood Shores to Mythic’s Fairfax, VA studio to streamline operations. Meanwhile, a number of employees at both studios have already been let go as of earlier today including many UO staffers, with more to follow as EA tightens its belt in the coming months.

As a follow-up to the news on the Ultima Online layoffs, Tensor posted at Ultima Online Stratics:

Alot of the UO team was laid off today including me and all of QA.

We were escorted out of the building and not even allowed to email our goodbye email to everyone else. They even had managers watching us the whole time like we had done something wrong.

Could this mean cuts at Bioware (a company just voted one of the Canada’s top 10 employers)?  I wouldn’t bet against the idea.